The weekly revenue for a product is given by R(x) = 324x - 0.0495x?, and the weekly cost is C(x) = 8000 + 162x - 0.099x2 + 0.00003x”, where x is the number of units
produced and sold
(a) How many units will give the maximum profit?
(b) What is the maximum possible profit?
(a) The number of units that will give the maximum profit is
(Round to the nearest whole number as needed.)

The Weekly Revenue For A Product Is Given By R(x) = 324x - 0.0495x?, And The Weekly Cost Is C(x) = 8000

Answers

Answer 1

Answer:

(a) The number of units that will give the maximum profit is 2,000 units.

(b) The maximum possible profit is $274,000.

Step-by-step explanation:

(a) How many units will give the maximum profit?

From the attached photo in the question, we are given;

R(x) = 324x - 0.0495x^2 ………………....................................……….. (1)

C(x) = 8000 + 162x - 0.099x^2 + 0.00003x^3 …………………….. (2)

In economics, profit function, P(x), is obtained as follows:

P(x) = R(x) - C(x) ………………………. (3)

Substituting the equations (1) and (2) for R(x) and C(x) respectively into equation (3) and then simplify, we have:

P = 324x - 0.0495x^2 - (8000 + 162x - 0.099x^2 + 0.00003x^3)

P = 324x - 0.0495x^2 - 8000 - 162x + 0.099x^2 - 0.00003x^3

P = -8000 + 162x + 0.0495x^2 - 0.00003x^3 ………………….. (4)

Taking a derivative of equation (4) with respect to x and equating to 0, we have:

162 + 0.099x - 0.00009x^2 = 0 .................... (5)

Using the almighty formula as follows:

x = (-b +/- (b^2 - 4ac)^0.5) / 2a ………………. (6)

Where, from equation (5);

a = - 0.00009

b = 0.099

c = 162

Substituting the values into equation (6), we have:

x = (-0.099 +/- (0.099^2 - (4 * (- 0.00009) * 162))^0.5) / (2 * - 0.00009)

x = (-0.099 +/- 0.261) / -0.00018

x = (-0.099 + 0.261) / -0.00018, or x = (-0.099 - 0.261) / -0.00018

x = -900, or x = 2000

Since negative number does not have economic value in economics, the number of units that will give the maximum profit is therefore 2,000 units.

(b) What is the maximum possible profit?

From part a, x = 2000

Substituting x = 2000 into equation (4) and then solve, we have:

P(x) = -8000 + (162 * 2000) + (0.0495 * 2000^2) - (0.00003 * 2000^3)

P(x) = 274,000

Therefore, the maximum possible profit is $274,000.


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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

Answer:

140

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

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Answers

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The first equation from the system of equations is graphed. Graph the second equation to find the solution of the system of equations. y = –x, y = 2x + 6 What is the point of intersection? (2, 1) (–1, 2) (0, 6) (–2, 2)

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Answer:

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Step-by-step explanation:

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Answers

Vertex: (1,-3)
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Answers

Y= 3/5x - 15/5
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Answers

Answer:

(B) $1470

Step-by-step explanation:

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Interest after 5 years,

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Answer:

By ASA congruence theorem

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Given:

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Answers

answer:
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Answers

Answer:

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Step-by-step explanation:

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(x-a)² + (y - b)² = r² where;

(a, b) is the centre of the circle

r is the radius

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radius r = 10

Substitute into the formula to get the required equation;

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(x+8))² + (y - 9)² = 10²

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Answers

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Answer:

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Answers

Answer:

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Step-by-step explanation:

Given that:

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Answers

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Answers

Answer:

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Answers

Answer:

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U
Question 9
10 pts
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Answers

Answer:

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Step-by-step explanation:

3x + 4y = 36

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Answers

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_______

In the graph, the area below f(x) is shaded and labeled A, the area below g(x) is shaded and labeled B, and the area where f(x) and g(x) have shading in common is labeled AB.

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Answers

Answer:

y ≤ 3x − 1

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Step-by-step explanation:

WILL MARK BRAINLYEST

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Answers

Answer:

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Step-by-step explanation:

yes

Answer:

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The image below shows proof that the point-slope equation [tex]y+1=\frac{6}{11}(x+4)[/tex] is the correct equation in point-slope form that the line passes through the points (7, 5) and (-4, -1)

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Answers

Answer:

135

Step-by-step explanation:

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If the ratio of cars to trucks in the parking lot is 3:5. If there are 360 vehicles in the parking lot, then there are 225 trucks

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The ratio of cars to trucks in the parking lot is 3:5.

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(360-x)/x=3/5

Cross Multiplication

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Answers

Answer:

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